1. Ryan Reynolds among celebrity investing winners
Billionaire rapper Jay-Z’s portfolio includes his champagne brand Armand de Brignac, estimated at $310mln, his cognac brand D'ussé, valued at $100mln, and his Roc National entertainment and sport management agency, which clocks in at about $75mln.
2. Hurricane Energy recommends takeover
Hurricane shareholders will also receive ‘Deferred Consideration Units’, a security ‘which may deliver up to 6.48p per share in cash’, potentially worth £129.1mln, along with possible future supplementary dividends of up to £37.2mln.
3. John Lewis needs to cut costs and grow revenue
New chief Nish Kankiwala, is tasked with finding ways to solve a difficult equation
4. FTSE 100 gains strength at the close to finish in the green
At the close, the UK's blue chip index was a far cry from yesterday's bloodbath, finishing at 7,410 points for a 0.9% gain from opening levels.
5. Credit Suisse still a big player despite recent turmoil
Swiss bank remains a household name in financial markets and had total assets of US$574bn at the end of 2022.